Petrobras shareholders approve Liquigas sale for $816 MM
2/1/2017
SAO PAULO (Reuters) -- Shareholders in Brazil's state-controlled oil company Petroleo Brasileiro SA approved on Tuesday the sale of Liquigas Distribuidora SA to a unit of Ultrapar Participações SA for $816 million, according to a securities filing.
Petrobras, as the company is known, said in a separate filing that it may have to close its money-losing Citepe-Suape petrochemical complex if it is unable to sell the operation due to a recent court ruling.
Reporting by Brad Haynes; Editing by Chris Reese
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